Algorand (ALGO) enters Bitwise 10 Giant Cap Crypto Index, changing Cosmos (ATOM); no modifications to Bitwise Decentralized Finance Crypto Index.
SAN FRANCISCO, November 02, 2021–(BUSINESS WIRE)–Bitwise Index Providers, the indexing subsidiary of Bitwise Asset Management, at this time introduced the outcomes of the month-to-month reconstitution of the Bitwise Crypto Indexes, which came about on October 29, 2021, at 4pm ET.
There was one change to the constituents of the Bitwise 10 Giant Cap Crypto Index because of the October 29, 2021 reconstitution: Algorand (ALGR) entered the index, changing Cosmos (ATOM). As of October 29, 2021, at 4pm ET, the Bitwise 10 Giant Cap Crypto Index held the next constituents: 62.04% Bitcoin (BTC), 27.36% Ethereum (ETH), 3.52% Cardano (ADA), 3.18% Solana (SOL), 0.75% Chainlink (LINK), 0.71% Polygon (MATIC), 0.71% Litecoin (LTC), 0.62% Algorand (ALGO), 0.59% Bitcoin Money (BCH), and 0.54% Uniswap (UNI).
Algorand (ALGO) was additionally added to the Bitwise 10 ex Bitcoin Crypto Index, which holds the identical constituents because the Bitwise 10 Crypto Index, excluding bitcoin.
There have been no modifications to the constituents of the Bitwise Decentralized Finance Crypto Index because of the October 29, 2021 reconstitution. As of October 29, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the next constituents: 38.15% Uniswap (UNI), 16.35% Aave (AAVE), 9.01% Maker (MKR), 7.73% Curve (CRV), 7.37% Compound (COMP), 5.51% SushiSwap (SUSHI), 4.80% Yearn.Finance (YFI), 3.96% Ren (REN), 3.81% Bancor (BNT), and three.31% 0x (ZRX).
The Bitwise Crypto Indexes are reconstituted on a month-to-month foundation in accordance with the foundations of the Bitwise Crypto Index Methodology as utilized by the Bitwise Crypto Index Committee. Minutes of the October 2021 Bitwise Crypto Index Committee assembly are publicly out there here.
The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and consequently had no modifications as of October 29, 2021. As of October 29 at 4pm ET, the next have been the ten largest constituents of the Bitwise Crypto Innovators 30 Index: 12.22% Galaxy Digital Holdings (GLXY CN), 10.99% Coinbase International Inc. (COIN), 9.62% MicroStrategy (MSTR), 5.59% Silvergate Capital (SI), 5.43% Hut 8 Mining (HUT CN), 5.19% Marathon Digital Holdings (MARA), 4.23% HIVE Blockchain Applied sciences (HIVE CN), 4.10% Voyager Digital (VOYG CN), 3.88% Canaan (CAN), and three.71% Bit Digital (BTBT). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is on the market here.
About Bitwise Asset Administration
Primarily based in San Francisco, Bitwise is among the largest and fastest-growing cryptoasset managers. As of October 31, 2021, Bitwise managed over $1.7 billion throughout an increasing suite of funding options. The agency is thought for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering merchandise spanning bitcoin, ethereum, DeFi and crypto-focused fairness indexes. Bitwise focuses on partnering with monetary advisors and funding professionals to offer high quality schooling and analysis. The workforce at Bitwise combines experience in know-how with many years of expertise in conventional asset administration and indexing, coming from corporations together with BlackRock, Blackstone, Fb and Google, in addition to the U.S. Legal professional’s Workplace. Bitwise is backed by main institutional traders and asset administration executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg and The Wall Avenue Journal.
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